Page 7 - United States

SoftBank management leadership team visits add weight to India market

Country accounts for 10% of Japanese investor's global AUM, the 3rd largest

China's chip industry poses significant threat to global security: Report

The CHIPS and Science Act signed by the Biden administration in August is a necessary industrial policy to ensure the US maintains its technological edge and protects its supply chain

Do something, do something big, says US President Joe Biden on gun control

The grief is still suffocating, the anger still visceral, President Joe Biden said Tuesday, in this suburban Los Angeles community where a gunman stormed a dance hall and killed 11 in January. He announced fresh federal measures to curb gun violence but emotionally declared there must be more. Do something. Do something big, he implored. I'm determined to ban assault weapons and high-capacity magazines, Biden told the families of some of the victims who were in the audience for his remarks, along with the 26-year-old who wrestled the semiautomatic pistol away from the gunman. Biden's rhetoric has grown ever stronger about guns he routinely calls for banning assault weapons in pushing a gun-control platform even tougher than during the Obama administration when he was vice president. He has been emboldened by the midterm elections when his regular talk of gun control didn't result in massive Democratic losses, and he's expected to continue to argue for strong changes as he moves ..

TikTok leadership considers splitting from ByteDance if deal with US fails

A divestiture, which could result in a sale or IPO, is considered a last resort, to be pursued only if the company's existing proposal with national security officials doesn't get approved

Ukraine war: Is India complying with the Russian crude oil price cap?

Uncertainty about how much India pays is part of the murkiness around Russian oil flows more generally, as the trade shifts from the Atlantic basin to Asia and from large traders to smaller entities

US Senate to vote on nomination of Eric Garcetti as envoy to India

The United States Senate will vote on the nomination of Eric Garcetti as the country's next ambassador to India on Wednesday. Such a move by Senate Majority leader Chuck Schumer came amidst fresh round of campaign against Garcetti by his distractors on allegations of sexual assault against one of his staffers when he was the mayor of Los Angeles. If confirmed by the Senate, Garcetti would soon head to India as US Ambassador, a position that has remained vacant for more than two years. The confirmation vote on his nomination is scheduled at 2.15 pm local Washington time. This would be preceded by a vote on the cloture motion on his nomination, which indicated that Schumer is confident of having enough votes to get Garcetti confirmed as the US Ambassador to India. Garcetti's nomination has been pending before the US Congress since July 2021, when he was nominated for the prestigious diplomatic posting by President Joe Biden. Last week, the Senate Foreign Relations Committee, at its

Prez panel discusses EADs for those waiting for green card for over 5 yrs

A presidential advisory commission has discussed the possibility of issuing employment authorisation cards in early stages of green card application, a move if approved by the Biden administration would end the agonising wait for a green card. The recommendation proposes that the Department of Homeland Security's US Citizenship and Immigration Services (DHS-USCIS) grant employment authorisation documents (EADs) and travel documents to individuals who have approved I-140 employment-based visa petitions in the EB-1, EB-2, EB-3 categories, and who have been waiting in the visa backlog for five or more years regardless of whether they have filed applications for adjustment of status. Members of the President's Advisory Commissioner for Asian American Native Hawaiian and Pacific Islander commission on Tuesday held a detailed discussion on the proposal moved by eminent Indian-American and its member Ajay Jain Bhutoria, who in his presentation highlighted the challenges faced by H1B visa ..

US says Russian jet caused spy drone crash, Moscow denies collision

Russia's defence ministry denied that its aircraft had come into contact with the unmanned aerial vehicle (UAV), which it said had crashed after "sharp manoeuvring"

US Consumer Price Index rises 0.4% for urban consumers in February

The index for shelter was the largest contributor to the monthly all items increase, accounting for more than 70 per cent of the increase, Xinhua news agency reported

SVB fallout: JPMorgan, other US biggies flooded with newer clients

As per the report, even US govt's emergency measures to stop the collapse of more banks have not stopped depositors from trying to move their accounts to larger banks or to shift to money market funds

Too-big-to-fail US lenders rake in deposits after three banks fail

JPMorgan Chase & Co., the largest US bank, alone received billions of dollars in recent days, and Bank of America Corp., Citigroup Inc. and Wells Fargo & Co. are also seeing higher-than-usual volume

US must treat India's G20 presidency as wake-up for its secure future

If Washington is keen on a secure future at home and in Asia, it must treat India's G20 presidency as a wake-up call, writes Georgia Leatherdale-Gilholy in The National Interest.India is the world's largest democracy, and although its strain of nationalism may be at odds with many Western sensibilities, the foundations for a mutually beneficial relationship are far more plentiful than with China, the state the West has tiptoed into trade reliance on for decades.The G20 includes several Asian countries, and India's presidency will of course provide a platform for regional cooperation and collaboration with US-aligned states such as Japan and South Korea, said Gilholy.But while there is constant establishment fanfare over established alliances in East Asia, the reality is that the opportunity of such states pales in comparison to what India can offer going forward. It is time the United States looked toward better building new bridges than simply preserving old ones.With its recently ...

North Korea launches ballistic missile toward eastern waters: Seoul

North Korea test-fired a ballistic missile toward its eastern waters Tuesday, the South Korean military said, in the country's second weapons launch this week. The launch came a day after the U.S. and South Korean militaries began their largest joint field exercises in years on Monday. South Korea's Joint Chiefs of Staff said the latest launch was made in the morning but did not offer further details, such as how far the missile flew. A day earlier North Korea said it had test-fired two cruise missiles from a submarine, the first time the country is known to have conducted a launch of that type. Its previous underwater launches all involved ballistic missiles. It was also the first time North Korea fired multiple missiles from a submarine on a single launch event, observers say. Pyongyang had vowed a strong response to the U.S.-South Korean drills because it views such military exercises by its rivals as a rehearsal for invasion.

India, US, and Japan talk greater cooperation on 5G, telecom stacks

Telecom Minister Ashwani Vaishnaw's met with senior government figures from Japan, US over the weekend

In US, the climate briefly turns on ESG

ESG is a framework that investors - $8 trillion by some reckoning - have adopted for making investment decisions

Bailout or not?

Ad hoc steps to stop banking contagion may have implications

US turns to new aggressive ways to punish Russian oligarchs for Ukraine war

The US has begun an aggressive new push to inflict pain on Russia's economy and specifically its oligarchs with the intent of thwarting the Kremlin's invasion of Ukraine. From the Treasury Department to the Justice Department, U.S. officials will focus on efforts to legally liquidate the property of Russian oligarchs, expand financial penalties on those who facilitate the evasion of sanctions, and close loopholes in the law that allow oligarchs to use shell companies to move through the U.S. financial system. Andrew Adams, who heads the KleptoCapture task force, designed to enforce the economic restrictions within the U.S. imposed on Russia and its billionaires, told The Associated Press that the group is prioritizing its efforts to identify those who help Russians evade sanctions and violate export controls. These illicit procurement networks will continue to take up an ever-increasing amount of our bandwidth, said Adams, who also serves as acting deputy assistant attorney ...

North Korea tests submarine-launched cruise missile, Seoul confirms

North Korea said Monday it has conducted submarine-launched cruise missile tests, days after its leader Kim Jong Un ordered his troops to be ready to repel its rivals' frantic war preparation moves. The test on Sunday came a day before the U.S. and South Korean militaries begin large-scale joint military drills that North Korea views as a rehearsal for invasion. North Korea's official news outlet, the Korean Central News Agency, said Monday that the missile launches showed the North's resolve to respond with overwhelming powerful forces to the intensifying military maneuvers by the the U.S. imperialists and the South Korean puppet forces. KCNA also implied that the North aims to arm the cruise missiles tested with nuclear warheads. It said the missiles flew for more than two hours, drawing figure-eight-shaped patterns in waters off the country's eastern coast, and hit targets 1,500 kilometers (930 miles) away. The missiles were fired from the 8.24 Yongung ship, KCNA said, referenci

HPS, Oaktree among firms pitching deals for trapped SVB deposits

According to the report, some are offering to buy claims on the deposits of SVB clients, including startups and publicly traded companies, at discounts of between 60 cents to 75 cents on the dollar

US-based Silicon Valley Bank failed: Here's why it's not 2008 again

The bank bought billions of dollars worth of bonds over the past couple of years, using customers' deposits as a typical bank would normally operate